Update from previous idea:
Best case actually played out!! if you look at yesterdays analysis at the bottom I said ideally, price is looking to break the 0.236 and aim for the previous high. we did exactly that!
crazy, I love when analysis plays out perfectly, looking at price now however, since touching the previous high we have seen a slight rejection at this level struggling to hold the 0.236 (we are yet to see a bounce off this level since dropping below it), that is very important to maintain short term bullish structure, breaking the 0.236 is not the end of the world however luckily we are in a really good spot right now, we are still short term bullish until we break the 0.5 and that is at 3907 so price can move around as long as we hold this key support we are all good! probably nice accumulation range at anything around the 0.414/0.5 range.
I think when we break above the previous high this green zone is where price could go, check out my bigger time frames to see higher targets but I think that is a realistic TP level if you can manage to get in at the bottom green zone and a big tip would be average into the trade set a few buys in this zone even slightly below it if you want to take the risk that price will bounce and set SL at 3880 and TP 4055, 4122, I will actually stick a long position up showing what a good technique could be for this!! hope this one plays out haha
this chart is a bit crazy now but that is typically what a trade looks like for me (obviously I don't draw all of this when doing it) but thats my thought process of a trade.
Best case actually played out!! if you look at yesterdays analysis at the bottom I said ideally, price is looking to break the 0.236 and aim for the previous high. we did exactly that!
crazy, I love when analysis plays out perfectly, looking at price now however, since touching the previous high we have seen a slight rejection at this level struggling to hold the 0.236 (we are yet to see a bounce off this level since dropping below it), that is very important to maintain short term bullish structure, breaking the 0.236 is not the end of the world however luckily we are in a really good spot right now, we are still short term bullish until we break the 0.5 and that is at 3907 so price can move around as long as we hold this key support we are all good! probably nice accumulation range at anything around the 0.414/0.5 range.
I think when we break above the previous high this green zone is where price could go, check out my bigger time frames to see higher targets but I think that is a realistic TP level if you can manage to get in at the bottom green zone and a big tip would be average into the trade set a few buys in this zone even slightly below it if you want to take the risk that price will bounce and set SL at 3880 and TP 4055, 4122, I will actually stick a long position up showing what a good technique could be for this!! hope this one plays out haha
this chart is a bit crazy now but that is typically what a trade looks like for me (obviously I don't draw all of this when doing it) but thats my thought process of a trade.
